Globe is a 4th Generation family business with the leading market share in turnout gear (firesuits) and boot manufacturing.
A fourth generation family business founded in 1887, Globe has grown into the largest and “most trusted manufacturer of structural firesuits”, or turnout gear, by introducing many of the materials, designs, and innovative construction methods that have now become standard features in turnout gear and firefighter boot design and construction.
Over the past five years we’ve provided advice and guidance to the family shareholders of Globe Holding Company. We assisted the family shareholders, and their existing family business advisers (family business consultants, lawyers, accountants, and wealth planners), in working through the calculus of whether or not to seek shareholder liquidity, and when and how to go about it.
As Don Welch, President of Globe noted, “The team at Belden Hill strategized with us from the outset on the long term decision to transition the ownership of our family company and seek liquidity. They ushered us through the complexities of that process and delivered a number of attractive financial and strategic partnership alternatives that allowed us the benefit of choice. Our chosen strategic partner affords Globe’s long-tenured employees, customers and distributors the opportunity to grow with a complementary, family-friendly, multi-national organization.”
Globe was sold to publicly-traded MSA Safety Inc. (NYSE: “MSA”) for $215 million and Belden Hill Partners served as exclusive financial advisor to Globe and its family shareholders in the transaction.
If you would like to read more about the transaction, please click on the button below to download the full press release.